Occupied Duplex with
For Sale
$219,000
23510 Buckingham, Clinton Township, MI 48036
Two-bedroom units, private parking, and an enclosed porch support practical residential rental use.
Property Size1,506 SF
Price / SF$145.42
Days on Market63
Property Features for 23510 Buckingham
General Information
Standard status
Active
Size
1,506 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Parking per Unit
1
Additional Details
Gross Income
$30,600
Highway Access
Yes
Amenities
mature trees
covered front entry
enclosed porch
Building Details
Year Built
1928
Listing Agency:
Premier Realty Service LLC
Listed By:
Maryott Tijerina
(248) 963-0505
Source:
Sellinghomesinmichigan
Added: Aug 5
Changed: Sep 21
Last Checked: Oct 5 at 11:29PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Premier Realty Service LLC
Investment Insights
Based on property information with market context.
This 1928-built duplex contains two occupied units, each arranged with 2 bedrooms and 1 bath. Separate detached garages serve the units, while an extended private driveway adds off-street parking. Additional exterior features include a covered front entry, full-width enclosed porch, mature trees, and a generously sized lot.
The property is located in Clinton Township near M-59 and I-94, with access to Partridge Creek, Macomb Mall, and the Gratiot and Hall Road retail corridors. The combination of an established duplex layout, dedicated garage space, and existing occupancy provides a straightforward multifamily configuration for residential income use.
The property is located in Clinton Township near M-59 and I-94, with access to Partridge Creek, Macomb Mall, and the Gratiot and Hall Road retail corridors. The combination of an established duplex layout, dedicated garage space, and existing occupancy provides a straightforward multifamily configuration for residential income use.
Key Highlights
- Two 2‑bedroom, 1‑bath units, both currently occupied
- Detached garage designated for each unit
- Extended private driveway provides off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,942
Cap Rate
7.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$318,840
$318.8K
Cap Rate 7%
$227,743
$227.7K
Cap Rate 9%
$177,133
$177.1K
Market Conditions
NOI Build-Up for 1,506 SF
Gross rent
$24.4K $16.20/SF
− Vacancy
−$1.6K −$1.08/SF
EGI
$22.8K $15.12/SF
− OpEx
−$6.8K −$4.54/SF
NOI
$15.9K $10.59/SF
Area
Macomb County, MI
Vacancy
6.65%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$318,840
Cap Rate 7%
$227,743
Cap Rate 9%
$177,133
Alternative Uses
Best Use
Multifamily LT 5
$227.7K
$199.3K – $265.7K
NOI $15,942 @ 7.0% cap · market cap 7.28%
Second Best
Apartment 5plus
$202.0K
$176.8K – $235.7K
NOI $14,143 @ 7.0% cap · market cap 6.46%
Theoretical Best
Specialty Retail
$281.9K
$246.7K – $328.9K
NOI $19,736 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
389
Businesses Nearby
Explore this area
Business Placement
Demographics for 48036, MI
22,517
Population
9,855
Households
2.3
Avg Household Size
41
Median Age
22%
College-Educated
93%
High-School Grad
8.3 sq mi
ZIP Area
2,713
Density / Sq Mi
$65,109
Median Household Income
$36,730
Median Earnings
$1,018
Median Rent
$201,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom units, private parking, and an enclosed porch support practical residential rental use.
Where is this duplex located?
The property is located at 23510 Buckingham Clinton Township, MI.
What is the asking price?
The asking price for this property is $219,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units, both currently occupied; Detached garage designated for each unit; Extended private driveway provides off‑street parking
